Travel + Leisure Co. Unveils a $1,000 “Stay Bonus” for New Hires and Current Associates in Key Vacation Resort Markets
June 03 2021 - 9:00AM
Business Wire
Largest vacation ownership company offers
competitive bonuses of up to $1,500 and other incentives in a push
to retain and attract talent across the enterprise this summer
Travel + Leisure Co. (NYSE:TNL), the world’s leading membership
and leisure travel company, recently rolled out a revamped strategy
to attract and retain associates in key departments across the U.S.
in preparation for a busy summer travel season.
For new hires and existing associates in hourly operations and
hourly supervisor positions across its nearly 200 U.S.-based
Wyndham Destinations vacation resorts, Travel + Leisure Co. is
offering a “Stay Bonus” for staying with the company through Sept.
7, 2021. Operational hourly associates hired prior to June 1, 2021
will be eligible for a $1,000 bonus. June, July and August hires
will be eligible for bonuses of $750, $500 and $250, respectively
for staying through Sept. 7, 2021. Supervisory hourly associates
hired prior to June 1, 2021 will be eligible for a $1,500 bonus,
while June, July and August hires will be eligible for bonuses of
$1,125, $750 and $375, respectively.
In addition, the company, which previously paid out more than $2
million in associate referral bonuses prior to the pandemic, is
continuing to invest back into its people – rather than external
recruiting services – with enhanced referral payouts of $1,000 for
all U.S.-based resort operations positions and up to $12,500 for
referring qualified candidates to open sales positions.
“2021 is shaping up to be a strong year for the return of
leisure travel, and we need top talent to deliver the best
experience to our owners and guests,” said Kimberly Marshall, chief
human resources officer at Travel + Leisure Co. “In previous years,
we’ve hired more than 1,400 associates annually through referrals
from our existing associates, and we know that people who are hired
based on referrals are more likely to stay with our organization
for an extended time. By incentivizing existing and incoming
employees with some of the largest referral and retention bonuses
in the industry, we continue to strengthen our incredible
team.”
The company is also piloting innovative options for hybrid
salary and commission compensation programs designed to attract and
retain new sales and marketing associates in key locations. The
program enables newly-hired sales representatives and marketing
agents the opportunity to be paid a fixed hourly rate – in addition
to a bonus – for up to six months. Participants would also have the
option to move to an incentive-based plan earlier for higher
compensation potential.
“Taking a commission-based role for the first time can be
intimidating, so a pilot program of this kind allows new associates
to take a salary before transitioning to the traditional sales
incentive model,” added Marshall. “This is just one example of how
our innovation fuels the attraction of talented associates – we’re
always thinking outside the box to develop industry-leading
recruitment and retention techniques."
Current hiring efforts are focused on roles in the company’s top
markets – popular summer travel destinations where resort occupancy
is expected to be the highest. These markets include Orlando, Fla.,
Las Vegas, Nev., Nashville, Tenn., San Antonio, Texas,
Williamsburg, Va., Branson, Mo., and the Carolinas.
Travel + Leisure Co. offers competitive benefits to support the
wellness and financial goals of its associates and their families
including medical, dental, vision and life insurance programs, a
401(k) matching plan, and travel discounts. Jobseekers can explore
available career opportunities at
careers.wyndhamdestinations.com.
About Travel + Leisure
Co.
Travel + Leisure Co. is the world’s leading membership and
leisure travel company, with nearly 20 travel brands across its
resort, travel club, and lifestyle portfolio. The company provides
outstanding vacation experiences and travel inspiration to millions
of owners, members, and subscribers every year through its products
and services: Wyndham Destinations, the largest vacation ownership
company with more than 245 vacation club resort locations across
the globe; Panorama, the world’s foremost membership travel
business that includes the largest vacation exchange company,
industry-leading travel technology, and subscription travel brands;
and Travel + Leisure Group, featuring top online and print travel
content, online booking platforms and travel clubs, and branded
consumer products. At Travel + Leisure Co., our global team of
associates brings hospitality to millions, turning vacation
inspiration into exceptional travel experiences. We put the world
on vacation. Learn more at travelandleisureco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210603005154/en/
Melissa Landy (407) 626-3554 Media@wyn.com
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